Saskatchewan · Receivership (court-appointed)
ii Affidavit of Sheryl Hilash
Affidavit · 11 March 2025
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What we verified from this filing7 verified
- secured creditorsnote: Original 2018 commitment/Loan was $4,214,700.00; amended principal balance $4,402,625.65 as at July 1, 2019 (both facility/registered amounts, not the outstanding balance). Demand made on Principal Debtor June 8, 2022 and on guarantor corporations June 9, 2022. Amount reported is exact dated Total Principal & Interest Arrears as at March 6, 2024 (Principal Arrears $4,311,001.70 + Property taxes paid $126,040.83 + Interest Arrears $1,552,143.39). Personal guarantees also given by David Ferguson and Heather Ferguson (directors/principals of the corporate Respondents), each dated July 23, 2018 (individuals, not companies). · page: 8 · as of: 2024-03-06 · amount: 5989185.92 · debtor: Greenside Golf Properties Ltd. (Principal Debtor); guarantees/GSAs also given by Waterfront Golf Course Ltd., Waterfront Holdings Ltd., Waterfront Developments Ltd. and Lakeside Water Utility Ltd. · creditor: Prosperity Credit Union Ltd. (formerly Prairie Centre Credit Union (2006) Ltd.) · currency: CAD · security: Greenside Mortgage (registered July 23, 2018, amended by Loan Amendment Agreement eff. Sept 30, 2019 registered Oct 15, 2019, increasing amount secured to $4,402,625.65); Waterfront Golf Mortgage (July 23, 2018) in amount of the Loan; General Security Agreements dated July 23, 2018 from Greenside, Lakeside Water Utility, Waterfront Golf, Waterfront Developments and Waterfront Holdings; PPSA General Registration #301794400 dated July 25, 2018 against all present and after-acquired property of each corporate Respondent (expires July 25, 2029; claimed first priority)
- secured creditorsnote: Identified from Saskatchewan Personal Property Registry (PPSA) search results and prior title searches; security type, priority and amount not stated in affidavit. · page: 10 · debtor: one or more of the corporate Respondents · creditor: Affinity Credit Union 2013 · currency: CAD
- secured creditorsnote: Identified from PPSA search results/prior title searches; security type, priority and amount not stated in affidavit. · page: 10 · debtor: one or more of the corporate Respondents · creditor: Michael Damke · currency: CAD
- secured creditorsnote: Identified from PPSA search results/prior title searches; security type, priority and amount not stated in affidavit. · page: 10 · debtor: one or more of the corporate Respondents · creditor: Scharfstein LLP · currency: CAD
- secured creditorsnote: Identified from PPSA search results/prior title searches; security type, priority and amount not stated in affidavit. · page: 10 · debtor: one or more of the corporate Respondents · creditor: KMS Construction Ltd. · currency: CAD
- secured creditorsnote: Identified from PPSA search results/prior title searches; security type, priority and amount not stated in affidavit. · page: 10 · debtor: one or more of the corporate Respondents · creditor: Atco Structures and Logistics Ltd. · currency: CAD
- secured creditorsnote: Identified from PPSA search results/prior title searches; security type, priority and amount not stated in affidavit. · page: 10 · debtor: one or more of the corporate Respondents · creditor: Bod-Des Investment Partnership (individual and corporate members) · currency: CAD